Friday, January 13, 2012

Odds of getting a total loss on a car accident?

Most insurers will not total a car unless the damage exceeds 70% of your vehicles Fair Market Value or Actual Cash Value, whatever that may be as of the accident date. Probably about $17k or so? The damage would probably have to exceed $12k. Tough call based on the description you provided, you should know by Monday.

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